When Genius Failed Book Review
When Genius Failed: The Rise and Fall of Long-Term Capital Management is a book by Roger Lowenstein published by Random House on October 9, 2000. The book puts on an unauthorized account of the creati
The behind-the-scenes deal making that happens to save the markets (and those major institutions that blindly investing in LTCM) is almost like a prequel to the bank bailout of 2008.
When Genius Failed aptly describes the prolific gains that LTCM accomplished. Halfway through the book, it seems like LTCM is destined to take over the world of finance.
When Genius Failed is filled with reminders (both subtle and more pointed) about what happens when investors put their head in the sand and blindly embrace ideology.